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Williams-Sonoma, Toll Brothers, SAIC

SAN FRANCISCO (MarketWatch) -- Among the companies whose shares are expected to see active trade in Wednesday's session are Williams-Sonoma Inc., Toll Brothers Inc., and SAIC Inc.

Williams-Sonoma Inc.
WSM, +0.45%
is expected to report a first-quarter loss of 21 cents a share, according to analysts surveyed by FactSet Research.

Toll Brothers Inc.
TOL, +1.03%
is forecast to post a loss of 44 cents a share in the fiscal second quarter, according to analysts surveyed by Thomson Reuters.

SAIC Inc.
SAI, -11.76%
is estimated to report a profit of 27 cents a share in the first quarter, according to analysts surveyed by FactSet Research.

Joy Global Inc.
JOYG
is expected to report earnings of 89 cents a share in the second quarter, according to analysts surveyed by FactSet Research.

After Tuesday's closing bell, Aetna Inc.
AET, +0.76%
said it is lowering guidance for earnings in 2009 to between $3.55 and $3.70 a share, from its previous range of between $3.85 and $3.95 a share. The insurance company cited "higher projected commercial medical costs; and lower projected 2009 Medicare revenue."

Watch list

Applied Signal Technology Inc.
APSG
said its fiscal second-quarter profit rose to $4.1 million, or 31 cents a share, from $2 million, or 16 cents a share, in the year-ago period. Revenue rose to $53.5 million from $45.3 million last year. Analysts surveyed by FactSet Research estimated a quarterly profit of 19 cents a share on revenue of $49.1 million.

FirstEnergy Corp.
FE, +0.73%
said it expects to earn fiscal 2009 adjusted earnings between $3.70 and $3.85 a share. On average, analysts expect FirstEnergy to earn $3.64 a share, according to FactSet Research. The Akron, Ohio energy provider plans to make a presentation to analysts on Wednesday in New York City. The company serves 4.5 million customers in Ohio, Pennsylvania and New Jersey.

Hovnanian Enterprises Inc.
HOV, +5.66%
said its second-quarter loss narrowed to $118.6 million, or $1.50 a share, from $340.7 million, or $5.29 a share, in the year-ago period. Revenue fell to $398 million from $776.4 million last year. Analysts surveyed by FactSet Research estimated a quarterly loss of $1.31 a share on revenue of $334.6 million. See full story on Hovnanian loss.

JetBlue Airways Corp.
JBLU, +0.00%
said that May traffic declined from a year ago and that it will launch an offering to raise capital. May traffic fell 3.3% to 2.1 billion revenue passenger miles from 2.17 billion last year. A revenue passenger mile equals a passenger flown one mile. The New York-based airline said capacity declined 1.1% to 2.71 billion available seat miles from last year. Load factor, or the percentage of seats filled, in May fell to 77.4% from 79.2% last year. Separately, JetBlue said it will launch a secondary offering of 20 million shares and $150 million in convertible debentures. The airline said it will offer underwriters 3 million additional shares and $11.3 million in additional notes to cover over-allotments.

Steel Dynamics Inc.
STLD, +4.79%
said it plans to launch a secondary offering of 27 million shares and $150 million in convertible senior notes due in 2014. Underwriters will get a 30-day option to buy an additional 15% of both issues to cover over-allotments.

TiVo Inc.
TIVO, +2.94%
said a federal court rejected a patent workaround by Echostar Corp.
SATS, +1.08%
finding Echostar in contempt and ordering the enforcement of a permanent injunction. TiVo also said the U.S District Court for the Eastern District of Texas awarded an additional $103 million to TiVo. DISH Network Corp.
DISH, +0.00%
and Echostar said they were disappointed in the decision and said that DISH will file an appeal.

VeriFone Holdings Inc.
PAY, -0.29%
said it swung to a fiscal second-quarter profit of $18.6 million, or 22 cents a share, from a loss of $18 million, or 21 cents a share, in the year-ago period. Excluding one-time items, the electronic payment company reported earnings of 17 cents a share for the latest quarter. Revenue fell to $201.6 million from $233 million last year. Analysts surveyed by FactSet Research estimated a quarterly profit of 13 cents a share on revenue of $206.1 million. The company sees adjusted earnings of 15 cents to 18 cents a share for the third quarter, compared with Wall Street estimates of 14 cents a share.

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